• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

Are You Stuck With Old-Fashioned Stocks for Life? Here’s What a CPA Says (It’s Good News)

December 10, 2025

Want a Great Resume That Stands Out? You Must Include These 11 Things

December 10, 2025

Corporate Gifting Has Never Been Easier

December 9, 2025
Facebook Twitter Instagram
Trending
  • Are You Stuck With Old-Fashioned Stocks for Life? Here’s What a CPA Says (It’s Good News)
  • Want a Great Resume That Stands Out? You Must Include These 11 Things
  • Corporate Gifting Has Never Been Easier
  • The $119 Million Reason to Never Give Up on a Cold Lead
  • This Counterintuitive Move Will Make You a Better Leader
  • This CEO’s Controversial Interview Tactic Divided the Internet
  • 2025 Year-End Financial Checklist for Wealthy Investors
  • I’m a Professional Thrifter. Here’s What I Do Differently When Shopping at Salvation Army.
Wednesday, December 10
Facebook Twitter Instagram
iSafeSpend
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
iSafeSpend
Home » China reportedly ousts defense minister after two-month absence
News

China reportedly ousts defense minister after two-month absence

News RoomBy News RoomOctober 24, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

The Chinese government removed General Li Shangfu from the post of defense minister and state councilor without appointing a replacement, state media CCTV reported Tuesday.

His dismissal was announced through an order of China’s legislative body, the National People’s Congress.

Li, who was appointed to lead China’s defense ministry during a broader cabinet reshuffle in March, has not been seen in public for the past two months, according to Reuters.

Reuters also reported that Li, 65, faced a corruption probe over the procurement of military equipment — which CNBC could not independently confirm.

An aerospace engineer who began his career at China’s Rocket Launch Center, Li has smoothly risen through the ranks, with promotions that included membership of the Central Military Commission — the country’s highest national defense organization — since 2022.

Li is the second high-profile minister from Xi Jinping’s administration to be removed amid a storm of speculation. In July, Qin Gang — who was also stripped of his authority as state councilor on Tuesday — was dismissed from his role as foreign minister after a one-month absence.

Li, the former defense minister, has been under U.S. sanctions slapped by the administration of Donald Trump in 2018 in connection with China’s purchase of Russian combat aircraft and equipment. His sanctions have been a bone of contention between Washington and Beijing, with China declining a request for a meeting between him and U.S. Defense Department counterpart Lloyd Austin on the sidelines of the Shangri-La Dialogue security forum in May.

“If the United States says it wants to communicate while suppressing and containing China by any means and imposing sanctions on Chinese officials, institutions and enterprises, what is the sincerity and meaning of such communication?” Chinese Foreign Affairs Ministry spokesperson Mao Ning said in late May at a regular news briefing in Beijing, according to NBC News.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

RSS Feed Generator, Create RSS feeds from URL

News October 25, 2024

X CEO Linda Yaccarino addresses Musk’s ‘go f—- yourself’ comment to advertisers

News November 30, 2023

67-year-old who left the U.S. for Mexico: I’m happily retired—but I ‘really regret’ doing these 3 things in my 20s

News November 30, 2023

U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated

News November 29, 2023

Americans are ‘doom spending’ — here’s why that’s a problem

News November 29, 2023

Jim Cramer’s top 10 things to watch in the stock market Tuesday

News November 28, 2023
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

Want a Great Resume That Stands Out? You Must Include These 11 Things

December 10, 20250 Views

Corporate Gifting Has Never Been Easier

December 9, 20250 Views

The $119 Million Reason to Never Give Up on a Cold Lead

December 9, 20250 Views

This Counterintuitive Move Will Make You a Better Leader

December 9, 20251 Views
Don't Miss

This CEO’s Controversial Interview Tactic Divided the Internet

By News RoomDecember 9, 2025

Key Takeaways Gagan Biyani is the CEO of education platform Maven and cofounder of the…

2025 Year-End Financial Checklist for Wealthy Investors

December 9, 2025

I’m a Professional Thrifter. Here’s What I Do Differently When Shopping at Salvation Army.

December 9, 2025

10 Red Flags That You’re Stuck in the Wrong Career — and Your Step-by-Step Guide Out

December 9, 2025
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

Are You Stuck With Old-Fashioned Stocks for Life? Here’s What a CPA Says (It’s Good News)

December 10, 2025

Want a Great Resume That Stands Out? You Must Include These 11 Things

December 10, 2025

Corporate Gifting Has Never Been Easier

December 9, 2025
Most Popular

Nvidia CEO Jensen Huang Works 7 Days a Week in ‘State of Anxiety’

December 5, 20254 Views

The 300-Year-Old Tool That Runs Modern Day Trading

December 7, 20253 Views

ChatGPT’s New Internet Browser Can Run 80% of a One-Person Business — Here’s How Solopreneurs Are Using It

December 6, 20253 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 iSafeSpend. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.